viewFluence Corporation Ltd

Fluence Corporation wins €3.9 million wastewater-to-energy contract in Belgium

System to be designed and built for ArcelorMittal, the world’s largest crude steel producer.

deal signing
The company's shares are trading about 5% higher intra-day, at 43 cents.

Fluence Corporation Ltd (ASX:FLC) has won a €3.9 million contract for a wastewater treatment and waste-to-energy system for its customer ArcelorMittal (AMS:MT).

Fluence will design and build these systems for ArcelorMittal’s steel mill in Ghent, Belgium, using innovative anaerobic digestion technology to produce biogas from off-gas fermentation by-products.

The Fluence system is expected to be delivered, installed and operational onsite within 18 months.

Designed specifically for the steel industry

ArcelorMittal is the world’s largest crude steel producer, accounting for 90 million tonnes of steel per year.

This will be Fluence’s first wastewater and waste-to-energy system designed specifically for use in the steel industry.

Steel mill by-products are notoriously difficult to treat to a grade that meets government effluent requirements.

Fluence’s team was able to achieve the client’s desired effluent using advanced anaerobic digestion technology.

By adding waste-to-energy treatment to the system, the biogas produced will be used to power the steel mill’s operations, which will in turn lower the overall operating costs.

Milestone project

Fluence managing director and chief executive officer Henry Charrabé said: “Our highly experienced team has adapted our advanced anaerobic digestion technology for this new application, bringing even more value to our customers.

“We hope this milestone project will be the beginning of introducing Fluence’s capabilities for similar steel mill applications around the world.”

Quick facts: Fluence Corporation Ltd

Price: 0.2 AUD

Market: ASX
Market Cap: $124.97 m

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